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研報掘金丨東吳證券:建投能源上半年業績略超預期,維持“買入”評級
格隆匯 07-14 14:23

東吳證券研報指出,建投能源2025年上半年公司實現歸母淨利潤約8.8億元,同比+153.4%,業績略超預期。值得注意的是,公司實現第二季度上網電量107.64億千瓦時,同比+1%。受益於區域電力供需無核貧水,公司2025Q2上網電量同比+1%。受益於無核貧水電源供給結構,預計未來三年(2025-2027)河北省火電電價、電量領先行業:當前常規電源佔比遠低於全國平均,預期未來三年維持偏緊趨勢,全國電源品種上,我們預期火電受到新能源、核電上網擠壓,發電量增速逐年放緩;河北省電源品種上,預期維持無核貧水趨勢,火電增長略高於全國水平、光伏增速放緩、風電維持較快增長。維持“買入”評級。

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